Score: 0 of 1 pt 1 of 10 (0 complete) HW Score: 0%, 0 of...

50.1K

Verified Solution

Question

Finance

image
Score: 0 of 1 pt 1 of 10 (0 complete) HW Score: 0%, 0 of 10 pts P15-1 (similar to) Question Help Venture capital required rate of return. Blue Angel Investors has a success ratio of 10% with its venture funding. Blue Angel requires a rate of return of 19.3% for its portfolio of lending, and the average length on its loans is 4 years. If you were to apply to Blue Angel for a $135,000 loan, what is the annual percentage rate you would have to pay for this loan? What is the annual percentage rate for the loan? % (Round to four decimal places.) Enter your answer in the answer box and then click Check Answer All parts showing GICAL Check

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students